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crime. >> kelly: thank you. meanwhile, overseas in france, a court striking down a 75% income tax rate on its richest citizens, saying it's excessive, unfair and unconstitutional. the ruling is a big blow to the president who had promised during his campaign to raise taxes on the wealthy. katherine field is a correspondent for global radio news and joins us live on the phone from paris. thank you for joining us this evening. so what kind of blow is this politically to france's president? >> it's an embarrassing blow to him. he had made this tax rate hike a key platform of his manifesto. he said it would be a tax that would be france's rich helping the nation during harsh economic times. also the fact, this is thrown out by the constitutional court on a technicality. it was deemed to be not fair because it would be applied to individuals rather than households. so it looked as though the governed had been lobbying how it put the bills together, rushed it through parliament and put it before the constitutional court. is so it made everything look too fast and shabby. kelly. >> kelly: kat
. frances dinglasan is tracking where the rain is now. we'll have your forecast in a few minutes. >> katie: welcome back. at 8:13, live doppler 7-hd, bearer of good news. we have been tracking the rain from the north bay to the south bay and now practically out of our area. light rain in the south bay. frances dinglasan will have the full forecast in just a little bit. track live doppler 7-hd on our website at abc7news.com. >>> this morning, former president george h.w. bush remains in the hospital in intensive care. the 88-year-old continues to improve and the 41st president is alert and always in good spirits. bush has been in the hospital since november 23rd. >> an outrage of a stomach virus aboard the queen mary ii is ruining hundreds of winter vacations. >> this morning, cdc is investigating mass outrages of stomach flu. nearly 200 passengers aboard queen mary ii reportedly vomiting and diarrhea, a bug believed to be the norovirus. they urged passengers to avoid the but fay. >> aboard another ship the emerald princess, another 194 taken ill. one of them sue hayes saying performances a
to france and the u.s. for help against a rebel coalition that has vowed to topple his government. france has declined to intervene against the rebels who have already taken several towns and are now advancing on the capital. >> heavy snow has paralyzed large parts of eastern canada. in montreal, traffic came to a virtual standstill. police are telling people to stay at home, as some areas are expected to receive almost half a year of additional snow. well, we are going to a short break. after we come back, we will look at europe's crisis year 2012. >> we will find out how it will be a year to forget for one of germany's top swimmers. stay with us. >> welcome back. in just three days' time, we will be seeing up the old year and welcoming in the new, but before that, we will be taking the chance to reflect on some of the main events of the task 12 months. >> in europe, it was all about the debt crisis. greece and spain were the worst hit. >> eventually, it was the european central bank's controversial bond-buying program that manage to come down the markets -- calm down the markets. >> ger
demanding that the rebel alliance and hostilities and calling on france to deploy forces to defend them. they fear the capital could fall within days. 600,000 people live in the capital and they are vulnerable. >> we have suffered a lot because of the war. the people have suffered a lot and seen many atrocities. >> i'm scared of war. nobody wishes for war in any country. everybody wants peace rather than war. >> the regional neighbors agreed on friday to dispatch a contingent of soldiers to intervene in the fighting. representatives from the 10- nation economic committee of central african states were not able to say how many troops would be deployed or when it would be sent, but diplomats agreed that time was running short. >> we want to go quickly but also correctly. because of that, we have met the rebel movement and the general also spoke to the army coalition to make sure that things go well and fast. >> the french president pled for international help from his colonial masters in france. the government forces in paris insist they are in the country to protect french interests and
, killed in france, and it's on the heals of the murder that they begin to enter into power sharing negotiations. with the same machinery that the family believed always killed their brother and who they knew killed their father. that tension was the middle of it. there was a lot i didn't understand at the time. the wind that they took in 1988 was rigged. she deserved a much greater play -- majority, and the army didn't give it to her. the army took an obnoxious amount of time to have her take the office position, again, which she deserved, which she should have been instantly offered at the time. all of these things were happening, and they were confusing to a child who didn't understand why everything wasn't better already, but it was not better because people who were involved in -- people who had very strong roles in the regime continued on in the government. the governor, in a sense, was an appointed fellow whose name was on the death warm, selected by his daughter. >> what was your father's relationship or view of the status in all of this? >> it was tense. she felt it was ver
and france called for an enter introduction of a unified oversight while germany urged a gradual implementation. ministers also couldn't agree on how much supervisory authority to give the european central bank. they decided to meet again next week for further discussions. eu, economic, and monthly tear affairs commissioner said consolidation of oversight will be the first step towards a banking union. it will include a framework for bailing out nations with excess debts. he said failure is not an option. last month eu leaders agreed to allow the region central bank to supervise some 6,000 commercial banks in the eurozone. the goal is so set up a framework by the end of the year and launch the new system next year. now let's get a check on markets. tokyo share prices are trading in a narrow range. the nikkei is down 1/4 of a percent at 9,409, a loss of 24 points from tuesday's close. they're sidelining after taking profits if recent gainers at the open. they're refraining from major moves to confirm the next steps in the u.s. budget talks. the obama administration and opposition
the france where the thinker quarter gdp is showing growth of less than 1 is% for the whole 2012. stephane pedrazzi joins us now from paris. stepha stephane, not a great set of growth figures for france. >> no. that's because of the fourth quarter. now a contraction of 2% of gdp is being tracked. it believes the economy will improve marginally next year. its target, 1 mers increase for the first and second quarter of next year mainly because of flat consumer spending. you know consumer spending is the main growth driver in france, raising the prospect of the weaker expected growth next year again. the officials target for the government is at 0.8%. we might be below this target and if that's the situation, the government will need to find additional resources of budget cuts. this morning, the french president confirmed the deficit target of 3% for the next year. he also said that the unemployment rate should decline at the end of the year even if the next year will be a difficult one. in the meantime, french unions, and employers have decided to extend negotiations from competitive net in
, trying to set things right. this, france, is what the president of the governing congress party had to say. >> our thoughts are with the young woman who is fighting for her life after this attack. and our wish today is that she recovers and that she -- >> those are of sympathy. but also talk of new legislation. is that what people think are needed, or just currently putting the proper laws that exist into practice. >> i think a lot of effort is focused on trying to insure that the laws that do exist are exercised by people. the police forces and the courts. the biggest reform measure of the government's picking up on the back of these protests is the fact that they're trying to now make sure that rape cases are tried in fast track courts. india's judicial center is flawed and what tends to happen is a lot of women who are victims of rape simply stop testifying because, you know, they just want to forget the incident on move on with their life. or their fear of retribution and intimidation. it's not unknown for people accused of rape to get away completely in the last year france, th
quarter. the eu, banking -- things like nap but, again, still down. >> not great news for france if we start to look at some of the indexes. there's a lot of focus on this economy. >> exactly. and the weakest spots, given that it's the second largest economy. now, we did see that return to growth for germany, which is a positive and will be a good gain forward. but say order box, very weak. demand, very weak. business confidence very weak and this is going to be hitting activity indicators going forward. >> even though the manufacturing side of it disappointed, the services was stronger. while services is a big part of the economy, it's where we're trying to see the rebalancing in the german economy happen. from that point of view, probably a rather encouraging development. >> it is interesting. it's also very exportwise. what we saw on these numbers was german exports falling sharply again. and this is just signaling that global economic conditions, soft patch very weak, particularly for the region -- i'm sorry, within the eurozone itself. >> and it's consistent with the weakening glo
cementmaker dipped to restructure its european operations. they could put charges of over 500 million francs. carolin has more out for us out of europe. >> hey, ross. let's take a look at the market reaction. initially, the reaction on the markets is quite subdued. now accelerating its declines, off by 7.1%, the second worst decliner on the market. let's come back to holcim. it is responding to the sluggish construction environment in europe and that is why it's restructuring its european operations. it is taking a $440 charge on write-offs for property plan and equipment. on top of that, it sees an additional 1100 million swiss francs in costs for the fourth quarter. so the overall hit to the fourth quarter will be 500 million swiss francs. it does say that the rebound will save around $120 million swiss francs annually. but overall, analysts are surprised about the size of the additional write-offs that will be booked in the fourth quarter. but holcim is trying to reassure investors this morning, saying there is still potential for a dividend payout for 2012 but that decision will be taken
. france, at the time, claimed all of canada, the lands around the great lakes, the lands around, on either side of the ohio and mississippi river valleys, down to the gulf of mexico. in 1753, the governor of virginia sent a young major named george washington, and most americans don't know this story. the governor of virginia sent 21-year-old major george washington to fort ducane, a french fort that sat on the site of present day pittsburgh, before the steelerrings -- steelers started playing football there. washington ordered french to leave. french refused. in the following spring, washington returned with troops and attacked. again, most americans don't know the story, but washington fired the first shot in what became the world's first true world war. his attack on the french in the western pennsylvania wilderness grew into a global conflict lasting seven years, involve england, franch, austria, russia, prussia, and dozen other nations fighting for control over colonies in north america, africa, asia, and the seas in between. the seven years war changed the map of the world shifting n
democracies. in april of 2011 a lot affect in france according to which it is illegal to cover the face in any public space from march to marketplaces to shops, although the law does not mention the word women, muslim, bertha or bail it was introduced by president nicolas sarkozy and a ban on muslim veiling which according to him imprisons women and threatens french values of dignity and equality. the new law makes illegal the barca but france is the first country to enact a full ban on the burke that in public space similar restrictions of being considered all over europe and many countries in regions that adopted some type. on april 28, 2011, the chamber of representatives of belgium voted for a similar ban although the law expected to be challenged in a constitutional court. in spain in 2010 the catalonia and assembly narrowly rejected a proposed ban on a burke got in all public places reversing an earlier vote. similar laws are in progress in italy as well. in switzerland after a campaign designed to appeal to fears of a muslim takeover, a popular referendum voted by 57% to ban the constru
firmer agt the dollar. this is bank of france governor says the city of london should no longer be the main trading hub. is he whis links in tling in th is it doable? >> i think if you look at the figures they speak for themselves. at the moment 40% is actually this london compared to maybe 3% in france, 2% in germany, and it's not just that london dominates, but that the long term trend is actually away from france and germany and towards london. so a tough challenge for the ecb. >> so even if eurozone banks -- i suppose can they lean on eurozone banks to move their trading floors to paris and frankfurt. i don't know. >> that's true. and the fact is with currency, it's not just about trading the euro, it's what you trade on the other side, as well. london is the center for fx liquidity. that's the way it is. so the direction of things is not favoring anybody moving their trading floors towards mainland europe. >> fair enough. so what happens to the euro? we're sort of near a range high here at the moment. and how much problems are there going to the at 1.3050? >> it's an intere
in swiss francs. but because we are, again, operating in so many countries, having local costs, local currency costs as well as local currency revenues, we don't have any dilution of our profitability because of the strength of the swiss franc. so, actually, the more the swiss franc appreciates, you know, it has absolutely no effect on our profitability. it has an effect on the translation standpoint that it's stronger on the basis. >> okay. some interesting points. i think what's interesting is when you come here, we got a meeting today, kelly, of the account and they're going to approve pakistan later. but working on the bits of the doha rounds. one of the things that's going to be interesting is particularly the supply chaines and global exports. that's one of the things they think they can get pretty good progress on. for example, good at a port. why does the kaber have to be held up for sort of a week or two weeks and not put straight into the country? a lot of international countries saying that's a bigger hit on earnings than 1% or 2% in duty. it's getting this in the increasin
concerned about france and spain than i am about italy. >> we'll talk about those. >> let me add asking. if italy is in this situation now, it relied on the easy way out. and politicians, including berlusconi, didn't have the foresight to see that. >> thank you so much for coming by. >>> staying at the eurozone, investors will be watching for anything coming from the italian crisis. the results of the spanish bond actions are due around 12:40 cst. hsbc was hit with a $1.9 billion fine. the ceo said we accept responsibility for our mistakes and are profoundly sorry for them. >> a full year loft loss of 4.7 billion euros, thinksen krup has more details. >> they are starting to look at the positive of what i would call a -- strategy, i.e., a clean sweep when it comes to the business strategy of thyssenkrupp as well as the instruct occur and the refocusing on being transparent and definitely being something shareholders should trust. so no dividends, jobs may go and the sale of celiamerica being looked at. the cfo says there's a handful of interested parties in that particular party of the
. >> the filmmaker's daughter was allowed to travel to france, standing with eu leaders to take the prize that her father could not collect himself. >> wednesday is a special day for many couples around the world to have chosen december 12, 2012, as their wedding date. >> 12 pairs of brides and grooms tied the knot at one ceremony in hong kong. for the chinese, the number 12 has another special meaning. it symbolizes unity. 12/12/12 is a pretty easy date to remember, so there is no excuse to forget your anniversary. you are already married. >> i married on friday the 13th. >> also not an easy anniversary to forget. >> see you soon. captioned by the national captioning institute --www.ncicap.org--
the vi was crowned the sing of france. from the sound of 8,000 pipes in 1894, napoleon was crowned emperor. music is integral to the life of the cathedral, and in the festival to celebrate 850 years, they will bring to life some of the christianity's oldest sounds contained in the oldest maunts. >> the musical school of notre dame was influential. we know it innewsed music across europe, spain and italy. >> but you have no idea how delighted quazi moto was. the bell told to mark the hours of the day as it told to mark the liberation of the city in 1944. >> in front of notre dame and even in one of the towers of the famous cathedral, the nazis have established fire. >> we traveled west of paris to normandy to this village, to one of three bell foundrys still in operation. here they are casting the eight new bells to hang in the to your. >> the original bells were seized during the revolution and melted to cannon balls. they are recasting them in copper and continue using molds fashioned from horse hair and ma nuria. >> as we don't want them to make them twice, we will make them high
, they were the uk and france in joint plays. >> i was hoping maybe the uk would get an olympics boost, but it appears to be still trailing italy by quite a ways. but there were no italian locations in the most instagram places until the world. six california locations made the list. and the top two places most snapped and shared on instagram may surprise you. they were the shopping mall in bangkok, thailand t b, and the sunni's airport. >> where is your top place that you would like to go, christian? >> i think i go with the americans here. i think it looks most likely that we're going to be in italy. >> i thought you meant he were going to the americas. but that's all right. >> i'm going with the americans will be. >> where in italy? >> sicily. sicily looks -- first of all, it's some place i've never been. in london any time of the year but certainly in summer. >> are you an instagram user? >> i am not. >> where do you want to go, kelly? >> in 2013? >> yes. >> i suppose i get around to see more of europe. i would love to go to russia and see moscow and st. petersburg. >> don't go in
, to struggle against the oppression of my people and to struggle against the racism. >> france is seen 19th consecutive rise of consecutiveto 3.1 million people -- consecutive rise in unemployment to 3.1 million people. >> times are tough on the french high street, which means second- hand stores are doing good business. many shoppers came here to buy their christmas presents. now that the holiday is over, the trade is in the opposite direction. >> i have been waiting for people to bring back their christmas present. >> the manager is preparing for a busy few days as people discover they received gifts they do not want or brought -- bought things that cannot afford. >> we have to explain to people we can't give full price for the items they bring in. the shop has to provide. we try to make just a small margin on new goods. >> it is an expensive time of year. the school holidays have another week to one, and keeping children occupied can be a costly business. many families can't afford to take them ice skating or to the theater. at times when people are tightening their belts, it is the litt
. and not only taxes on millionaires is driving him out of france, there's a capital gains tax coming into france and none of which he'll face in his new home country, belgium. the prime minister is calling depardu, who left france along with others, he says he's a greedy guy. leaving france to become richer, how dare they, depardu. and new at ten demonstrators in michigan should take note. earlier this year, indiana approved right to work laws. what secretary is the result? i'll tell you, more jobs. at the top of the hour how many more jobs that state will already have added. it's the time when i tell you that time is money and so in 30 seconds, here is what else we've got for you. just how many people are offended when someone wishes them a merry christmas, i'm going to find out. i'll say that to the head of the american atheists, chrysler workers caught on camera drinking and smoking pot get their jobs back. we'll talk to the reporter who broke the story two years ago. how many gun stores are there in america? how many grocery stores are there? the comparative numbers my surprise you. we've go
times that of france or australia. it is 12 times higher than the average for other developed countries. why is that? if psychology is the main course, we should see that we have 12 times as many psychologically disturbed people as the average. we don't. in fact, america takes mental disorders seriously, treats them and doesn't stigmatize them. we do better in this area than most of our peers. is america's popular culture much worse than other rich countries? not really since it's largely the same popular culture worldwide. england and wales are exposed to cultural influences as the u.s. yet, their rate of gun homicide is some 3% of ours. the japanese are at the cutting edge of the world of video games, yet the u.n. puts their gun homicide rate at close to zero. why? well, they have one of the most restrictive series of gun laws in the world. when looking internationally, it is obvious that the one feature of america that would explain why we have so much more gun violence than the rest of the rest of the world is that we have incredibly permissive laws allowing the sale and possession
stay on the pathway we're currently on we're headed to the nanny state which is france and greece. that concerns me a great deal and the country will not be able to deal with the leader of the free world if we continue on that pathway. >> what would that look like for the average citizen? >> the average citizen more and more their life would be dependent on uncle sam. the difference between america and the rest of the world is our founding fathers placed the highest priority on individual enterprise and individual spirit. if people are willing to say my dependent upon my own willingness to work hard and impact the process we will continue to have that driving force that makes us the strongest country in the world. if we're not careful, we will walk away from it and soon, unfortunately, we'll be like france. >> do you have any sense there is a generational sense on views how the government should serve the public among younger americans than it is among baby boomers and older? >> i'm hopeful we can convince the cross section of the younger generation that their contribution to our
>>frank: francs. this is on the libor manipulation charges. ubs must pay swiss regulators $59 million in profits because the regulator can't fine ubs. the fine from the fsa is the biggest ever, 160 million pounds, $1.2 billion will go to the u.s. regulators. so the second biggest fine that was ever handed to a financial institution. of course, following that $1.9 billion fine that was given to hsbc. what we do know is that the company is admitting criminal wrongdoing in its japanese arm because, you know, around 30 traders worldwide had manipulated the yen libor between 2005 and 2010. the ceo speaking this morning says, you know, despite the troubles in the japanese arm, he does not believe that there's -- the bank is going to be shutting down the operations in that country entirely. saying that 30 to 40 people have already left the bank. they also gave us a bit more information on what kind of impact this will have on profits. they see a fourth quarter net loss of around 2.5 billion swig franks. a full-year profit of 2.5 to 3 billion. and the most important part, why shares are trading up. they
roughly speaking in the likes of italy and france and actually grew for germany. then in q4, it seems that there is a greater degree of destocking i think, materializing. i think that is going to lead to some weakness on the industrial production side and it does appear that the austerity is very much perceived by household and by service sector companies. and that explains this relatively soft data. it's a sign that really we are still in a period of multi-year major fiscal entrenchment and at the same time, we have a very cautious perspective towards taking on debt. both by the suppliers and the demanders of that debt. >> julian, very briefly, will we see more qe? will we see any more next year or not? >> well, it will depend, i think, on how things develop. on our baseline forecast, the answer to that would be no because we are looking for recovery coming through really reasonably significantly from the first quarter of next year with .4% quarter on quarter. >> julian, thanks for that. always good to see you. julian kelly joining us from barclays. which country is more corrupt and
to others across the country. in france. the government has thrown out a plan to tax the country's ultra-rich at a 75 percent rate. the tax was one of the president's campaign promises. however, a consititutional council says the amount was excessive. some felt that the tax would not solve the country's fiscal problems. and would only push wealthy people out of the country. france's most famous actor, gerard dep-ard-doo, recently moved to belgium to avoid taxes. meanwhile, unemployment in france rose in november for the 19th straight month. coming up on kron 4 news weekend, ??is "mcdreamy" trading in his scalpel for a coffee apron? we'll be checking out all things hollywood with all today's entertainment news in just a few minutes. music) >> from billie holiday. open >> she is so good she is going be playing at the new year's eve at the razz room >> it is great to have you. and i love hearing your music you can do all types of great sounds. can you tell me who inspired you? >> i started loving the little rascals and i also loved darla. [laughter] . i thought that you were going to say th
fight in france. we shall fight on the seas and oceans. we shall fight with growing confidence and growing strength in the air. we shall defend our island, whatever the cost may be. we shall fight on the beaches. we shall fight on the landing grounds. we shall fight in the fields and in the streets. we shall fight in the hills. we shall never surrender. >> rose: winston church sill recognized as one of the greatest statesmen of all times. in 1954 edward r. murrow the cbs newsman said he mobilized the english language and sent it into battle. president kennedy liked the quote so much that he used it as his own. that was in 1963 when he granted winston churchill honorary citizenship of the united states. >> pierpont morgan was a friend of churchill's mother and is likely that winston on one of his many trip to its united states would have visited this library. we're joined today by alan packwood, he is the director of the churchill archive center in cambridge. and he's cure rating an exhi business here at the morgan called winston churchill, the power of words. >> what you're loo
in 1950's. she strove to make as many strands -- france is possible for herself in the country. while her desire to make friends everywhere might've had clinical consequences it arose from a sincere desire to look beyond the dignitaries to the people of the countries he visited. in part because of a connection with our own roots. she never forgot who she was or where she came from. she was the daughter of a truck farmer who had supported herself since she was a teenager. at one point during her husbands administration she told a childhood friend that even though she occasionally felt inadequate to the task that quote she was only -- from artesia, the people she met were so gracious that she felt comfortable continuing important work she and her husband were doing. in addition, since she came from a small town, she understood what a thrill it was for someone to shake the hand of the second or first lady of the united states were to receive a letter from the white house. as a result from her first trip to the second lady or her white house years, she and to the formal dinners and official v
a dui stop and he got out of the car near sir frances drake and college. they were giving him a field sobriety test -- sobriety test when officers saw him jump the fence and into the creek and officers he eventually lost sight of him. >> we are very concerned for him. the water was swift and we lost sight of him in an area where he could have drowned. >> reporter: at this point, authorities have no idea if he managed to get out of the creek or if he is still in the water somewhere. they know the man's name but they are not releasing his name. stating early the search will pick back up and the chief also told me, if need be, they could bring in a dive team to search for the man under water. alex savage, ktvu channel 2 morning news. >>> we are continuing with storm watch, flooding concerns still linger after a creek flooded roads and janine de la vega shows us some of the damage live on the roads. >> reporter: we found out the creek has gone down 10 feet compared to last night. now it was very reaching those sandbags you see over there and we will show you footage of what it looked like
is up, the ftse is up, the france, the cac in france has turned slightly down. but, again, this is a marginal loss of about three points. most of the major asian stock markets were higher overnight. and among the catalyst here, signs that china's recovery is gaining traction. sources say that the bank of japan will ease monetary policy this week and consider adopting a 2% inflation target no later than january. policymakers are seen responding to pressure from the incoming prime minister there. shinzo abe for stronger efforts to beat deflation. in the meantime, india's central bank kept interest rates on hold yesterday ignoring pressure to reduce borrowing costs. policymakers said they were shifting the focus to reducing the economy and that raises the odds of a rate cut as early as january. andrew olson, over to you. >> ubs reportedly nearing a fine of up to $1.5 billion. the bank is close to finalizing a deal with regulators according to the financial times. about three dozen bankers and senior managers are said to face criminal or civil charges. >>> and it's official th
burden the east and the west is flat plains, so germany had a war over the century with germany or france or that area and poland and because germany was a continental power sandwiched between the maritime europe on one hand and the heartland towards the other it was always problematic which we it would go and how it would develop. i can across this book by accident in early 1989. the berlin fall with -- berlin wall would fall but november. it had occurred to me after reading this book and other books that the berlin wall or the dividing line between eastern and western germany was one. creation of german history that would reinvested soften different territory always in the future so today we have a united germany that trades immensely with poland and has had a wretch most wall -- to approach what and where the european union and the nato or meant to keep russia out and the germans down now they are triumphant economically. germany may not have the solution to every economic problem but to berlin is the point of arbitration for all of them so the question arises and this goes back to the
the early days of aids activism in the u.s. film director david france posted a clip from his final interview with spencer cox after his death this week. >> i don't know what is going to happen. i don't know what is one happened today or next year. i just know you keep going. you keep progressing, you keep hoping. until you die. which is would happen someday. you make your life as meaningful as you can make it. you lived it. don't be afraid of who is going to like you or are you be inappropriate or are you being -- you worry about things like being kind. >> and those are some of the headlines. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman with juan gonzalez. >> welcome to all our listeners and viewers from around the country and around the world. we begin today's show with a look at the capture of osama bin laden, which is the focus of the controversial new movie, "zero dark thirty," which was released this week. billed as the story of history's greatest manhunt for the world's most dangerous man, the film has come under harsh criticism from r
intervention from the u.s. and france to help him push back the rebel advance. the u.s. says it is a pact with its embassy as a precautionary safety measure. in india, a 17-year-old girl was gang raped has committed suicide after being pressured by police to drop the case and marry one of her attackers. the girl's death comes amidst growing national outrage over a spate of gang rapes ignored by india's police, including one on a public bus in delhi. on thursday, protests against rape in india continued nationwide. >> they are doing nothing about it. [indiscernible] it is unacceptable and completely humiliating. >> according to india's national crime registry, one woman is raped every 20 minutes in india. russian president vladimir putin has signed into law a ban on u.s. citizens adopting russian children. the ban is seen as a retaliatory move after president obama signed a law denying u.s. visas and bank accounts to russian officials linked to the death of imprisoned whistleblower sergei magnitsky. it will take effect january 1st and likely add a new strain to u.s.-russian ties. retired u
possibility similar to france and china and our chairman here included to that. the recent gao preliminary assessment of california's cost estimates show california high-speed rail authority has secured 11.5 billion from federal and state forces and still needs a shortfall of 57 billion to move forward. to put this investment into the 1950s, congress took old action to invest in its infrastructure and create a system. the system to be five years to build and after several editions a total length. the cost of construction has been estimated at over 425 billion in today's dollars that we're making that same decision. cert and we shouldn't afford at this time. urban mobility report by texas transportation institute found the cost of the slow speed but we currently have on long delays and endless congestion can dniester cost the united states over $100 billion annually. now it's time to make the investment for alternatives to congested highways and simultaneously create jobs. the intercity passenger rail service is one of those alternatives that many speed trumps long delay that faces our nati
war. you don't see france going to war with germany or russia with poland. it used to happen all the time, but it's not happening. the best example of all was just a couple of weeks ago when gaza was fighting -- the palestinians were fighting with the israelis, and they lobbed a couple of missiles into tel aviv. i'm sure that both people on both sides could see that the day was coming that they'd be lobbing missiles into jerusalem. and this is what both the christian the jewish religion began there, and it's the holy land. it's some of the greatest tourist attractions in the world. people want to come from all overed world to see it, but not when a war is going on. they realized within a week of war they had made a terrible mistake to go to war. even though it's better to grumble at each other, but not to be shooting at each other and causing damage and wrecking the economy and upsetting people all over the world because these pictures, you have the bbc and cnn there having the pictures of the grandmothers and grandfathers and little children lined up on the street in front of ho
before the house gavels in at 2:00 p.m. eastern. [applause] >> ladies and gentlemen, france, -- friends, this is a singular honor to be a guest in this temple of civic life. thanks to all the good people for making this possible, to my publisher, the staff that are manning the barricades outside. my novel is debt crisis and the future of the world economy. i will be arguing that there is no such thing as a debt crisis. there is no debt crisis in the united states of america and europe, and there is no such thing as the debt crisis in my own country, which is nevertheless being consumed by debt. you know the joke about balloonist. the balloon has been blown off isrse, and at some point they no such thing as a debt crisis. manage to gain control of the balloon and lower it above a farm. the farmer comes out and looks up at the balloon and one of the balloonists says, excuse me, sir, where are we? and the farmer says, you are in a balloon. the balloonist says, he must be an economist. precisely accurate, and hopelessly useless. [laughter] we have a doctor here amongst us. imagine if you ha
francois o'land of france thinks? >> normally they do because these two countries have been very friendly with israel in recent years but israel is in an election period before january 22 when netanyahu stops the gaza war without a land operation. there are a lot of people saying, hey, you didn't go all the way against hamas. they ate into a huge share of his voters. i think he wants to say no one is going to be able to outflange me from the right. part of the tragedy of this conflict is that the parties cannot agree on a common definition of what is provocative except they agree on one thing. that they each assume the worst of the other side's ultimate intention. israel might say, look, this is political theater. ultimately we're going to discuss this. there will be a two-mile tunnel from north to south. we won't receiver the west bank at all, but the media, the government, everyone says, no, no, there must be something nefarious going on here. they need to get to the negotiating table and discuss the most sensitive issues. >> suarez: ground hasn't been broken on a single house. who is i
rates at 90% or 75% like france is doing, they'll listen. thanks, alan simpson. >> we applaud your efforts there, senator. good job. all right. we'll come back with the closing countdown. market still losing altitude. up just 94 points. >> after the bell, he said there will be no fiscal cliff deal without higher tax rates. find out if treasury secretary tim geithner thinks going over the deal is a better option than compromising on revenue. he joins us at 4:00 p.m. eastern. you're watching "the closing bell" on cnbc, first in business worldwide. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market'
that slavery was less expensive than these new forms? brazil, u.s., britain, france, spain. >> a very interesting question. i think my first response would be to say i'm not sure so much that all forms of slavery disappeared as so much evolved in transition. obviously, there were laws passed that made a certain thing illegal. from a paper law stand point certain things disappeared. but the case of bonded labor it showed that things did not disappear but adapt to a different set of laws and climate. then evolved around those hurdles to continue to effect the same kind of mode of exi ployation. as to whether f there was a point in the past where producers were faced with a scenario where one set of nonslave-like labor bake more economic efficient there are certainly few instances. i think the historians here would probably have those more in their head than i do. particularly in case where is laws with penalties were perceived to be enforced. then the perception is that form of exploitation is no longer beneficial. we either have to evade it and try to do something similar or adopt for
're slowing down in the fourth quarter. i was just in europe. they are in a deep recession. france and germany are going recession. japan's already in recession. they are doing the same thing the democrats want to do here. put on new taxes, and they are just putting their economies in a death spiral. >> this is no time for austerity is what you're argueing? >> what i'm arguing is don't put extra taxes on the economy. we know from europe and japan that does not work. >> okay. >> howard? >> i don't think we ought to kick the can down the road any further. we have a huge deficit. frankly i think ben bernanke has done very, very well stimulating the economy without government interference. i think the thing to do is go right over the fiscal cliff. you'll raise some taxes, yes, that's true, you'll cut defense and some human services. this is the only way we'll have a significant bite out of this deficit. i think the market is going to like this. they say no right now, but when they see that this government is taking on the deficit in a serious way i think they will like it >> you don't think going
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